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madam [21]
3 years ago
12

Consider the following scenario. Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours

to bake one loaf of bread and one hour to make one pie. Joey takes four hours to bake one loaf of bread and four hours to make one pie. If Rachel and Joey decide to specialize in order to maximize their combined output, who should produce what?
Business
1 answer:
Brut [27]3 years ago
8 0

Answer: Rachel should produce pie and Joey should produce bread.

Explanation:

Rachel can make 1 loaf of bread in 2 hours and 1 pie in 1 hour. Therefore, Rachel can take less time to produce 1 pie as compared to 1 loaf of bread, as a result she should produce pie.

Joey can make 1 loaf of bread in 4 hours and 1 pie in 4 hours. Therefore, Joey can take same time for producing either pie or bread. But he has only one option to produce bread.

So, Rachel is specialized in producing pie and Joey is specialized in producing bread in order to maximize their combined output.

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HELPPP
ZanzabumX [31]

Answer: self-serve food ordering

Explanation:

<u>Self-service kiosks or self-ordering kiosks</u> are customer-facing devices that allow customers to place orders and make payments <u>without the assistance of a cashier.</u>

6 0
2 years ago
If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then
Tanya [424]

Answer:

C. not change, and the price received by sellers will not change.

Explanation:

Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

The effect of chaging the law will not alter the economic reality of translate taxes into consumers

4 0
3 years ago
Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for
creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense                                    $32,727.6  

  Credit Allowance for doubtful accounts            $32,727.6

b) Debit Bad debt expense                                    $37,017.6  

  Credit Allowance for doubtful accounts            $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6  ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

3 0
3 years ago
Many people have strong negative reactions to pop-up, pop-behind, interstitial, and rich media ads. Assume you are the director
julsineya [31]

Answer:

Im on a private jet eating popeyes chicken, i be flexing like im eating popeyes spinach

Explanation:

plato users

3 0
3 years ago
Question 10 of 10: you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way.
yulyashka [42]

you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way. No, you will not be able to recover the cost of replacement. This is further explained below.

<h3>What is the cost?</h3>

Generally, the cost; In order to get or carry out (something), one must first spend (a certain quantity of money).

In conclusion, You've been looking at the rotten planks on your porch for years and know you need to do something about it. The deck ultimately collapsed last week. The cost of replacement cannot be recouped, unfortunately.

Read more about the cost

brainly.com/question/14094934

#SPJ1

5 0
2 years ago
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